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SpaceX, Air Force Settle Satellite Launch Contract Suit

Space Exploration Technologies Corp. on Friday dropped its Federal Claims suit protesting the Air Force’s exclusive five-year contract awarding satellite launches to a Boeing Co.-Lockheed Martin Corp. joint venture, two weeks after the Air Force said it would certify SpaceX to compete in the program.

  • BREAKING: High Court Wants New Ruling In M&G Retiree Case

    The U.S. Supreme Court vacated a Sixth Circuit decision Monday that left M&G Polymers USA LLC on the hook for a class of retirees' lifetime health care benefits and sent the case back for a lower court to analyze the collective bargaining agreements at issue under ordinary principles of contract law.

  • Reinsurance Stays At Fore As Axis, PartnerRe Form $11B Firm

    Axis Capital Holdings Ltd. and PartnerRe Ltd. agreed late on Sunday to form a single reinsurer with a market value around $11 billion, underscoring a wave of consolidation that continues to wash over the industry — particularly the red-hot reinsurance segment.

  • Wachtell, Cravath Help Packaging Cos. Form $16B Powerhouse

    MeadWestvaco Corp., the packaging company under activist pressure to shake up its operations, said Monday it would join forces with rival Rock-Tenn Co. to form a $16 billion-a-year giant with broader reach in the consumer-products space.

  • High Court Takes Up FSIA Case Over Austrian Train Injury

    The U.S. Supreme Court agreed Friday to hear an appeal from Austria's national railway seeking protection from an American woman's personal injury suit under the Foreign Sovereign Immunities Act, a move that ignored advice from the U.S. solicitor general to deny certiorari.

  • Faruqi Judge Says Founders Might Duck Personal Liability

    The Manhattan federal judge hearing the sex assault case brought by former Faruqi & Faruqi LLP associate Alexandra Marchuk against firm partner Juan Monteverde indicated Friday he is leaning toward a ruling absolving the firm's co-founders, siblings Nadeem and Lubna Faruqi, from individual liability.